Hey, I am interested. Have worked at Udemy(a PHP e-commerce shop at the time) where I built a lot of cool products like the course feed, notifications, wishlist and note-taking. Also built multiple e-commerce platforms on my own from scratch, one was being used on onedio.com one never saw the day light.
Also built an investment platform for cryptocurrencies.
I think we might be a great fit. Can send screenshots of what I have built before. Can also send a CV.
To get in touch: seckincansahin@gmail.com
1- 50% of what? Revenue into the company or dividens/salary etc out of the company? if it's the latter, then, how do we make sure that you don't spend $500.000 for trash bins for the office? Do we have to make sure every decision goes through the network? (i.e. who is the authority to decide what is reasonable and what is blatant fraud if things go sour AND is it even possible to make sure that nothing possibly can go sour[I don't think so.]. So, fraud is possible, and in the case of fraud, -say; the network retroactively decides that something really constitutes a fraud, hence is a crime- who is the enforcer of the punishment[which is most likely to be physical: like prison sentence]?)
2- How do you make sure that your child doesn't sell it in 2025 and buys a Lambo? (which is a problem you don't have with regular Trusts AFAIK)
Parent gives you an answer that is scoped to "divide incoming by half and send the halves to given addresses" and you criticizing that the answer doesn't cover all scopes you can come up with?
Him: "This baker makes bread rolls". you: "What about dark bread? What about non-bread items? What's his broker?"
The only thing seckimjohn showed is that contracts, paper or "smart", are only as good as they're written. Since contracts such as _red gave, "we are friends, this is our company, we share the EBT equally", exist right now, it's a perfectly realistic use case for a smart contract. Hell, I'd even do that for a small project.
Smart contracts being fixed and errors being exploitable is a valid criticism but it's not the be-all-end-all argument for them to have no real world applications.
In the trust fund example, you cant stop the recipient trading their key or wallet early, as you have no way to verify the human holding it.
Unless you keep that access with some legal guardian. In which case your security still sits in the legal system, as it would if you just used a trust fund. So whats the point?
Again in the company example, it only works if you both observe that the coins mean shares in company. Which you can only really enforce with a legal agreement, but again, why not just have a legal agreement that says you split your share?
They completely breakdown at the physical barrier. Darknet markets only work because the seller doesnt control the market and has a deposit. But apart from that they can transact anonymously, that part has nothing to do with blockchain.
how do you prove to the bank the non-existence of a clause that would void the trust if this is done(and noticed)?
the main point I tried to make above was this: in normal life there is the "human factor"; like, if you look at a situation, you can reasonably comment on whether it's a positive situation from an actor's perspective; whether the actors were engaging in fraudulent activity etc. In digital-only world, there is no such thing as "probable cause", "reasonable doubt" etc.
which makes the application of smart contracts to real life intractable(IMHO borderline impossible for complex situations for the near future[~10 years?]).
The earliest smart contracts will likely involve things that are relatively easy to verify, e.g. a bet that the price of ETH will be above X at Y date and time.
Ensuring that accurate, real-world data gets entered into the blockchain to enable broadly useful smart contracts is going to be an interesting area to monitor over the next few years.
Augur attempts to align people's incentives to accurately report on real world events, like political events (aka Oracles). Axa pays out on delayed flights with a new flight insurance product[1], from data gathered from public flight information, which triggers an automated payout.
"a bet that the price of ETH will be above X at Y date and time"
Not so fast. Who says 'what the price of ETH' is? There is no such thing as 'the price of ETH' - there are simply buyers and sellers each willing to sell and buy at different amounts.
You'd have to agree on a mechanism to agree on what that price even is.
And what about odd fluxuations? Market cheaters - i.e. getting a hold of a vast quantity of ETH just to jolt markets for a few hundred milliseconds just to jigger some contract?
As far as 'paying out on delayed flights' - that's a very cool idea, but I can't imagine why on earth it would be in ETH on a distributed ledger.
> There are so many things that go into contracts that cannot be articulated in 'code' that this all hardly makes sense.
I think this is actually something I've been trying to articulate for a while now anytime smart contracts come up.
Legal contracts only specify the criteria and conditions surrounding a contract. Smart contracts must describe that PLUS all the very specific instructions on how to validate those criteria/conditions which adds a massive amount of complexity into the contract (and more potential for loopholes).
Well I'm entirely new to this and pretty blockchain sceptical but I don't think SeckimJohn showed why neither work, did he?
As I understand it each concern requires some kind of function/method which addresses it within the smart contract, right? So the real problem is that once you publish the contract you better make sure you haven't forgotten something important...
Basically both examples in order to work would need legal enforcement or guardianship outside of Ethereum.
Which they both need to work today anyway. So whats the point?
Until ether contracts can hold people to their word, are recognised by the judicial system (which wouldn't be able to effect it without some weird judge API), or is able to enforce some kind of judiciary process itsefl (SKYNET WARNING), they'll always break down at the physical barrier.
He didn't show that neither work, but the examples he did give were trivially bypassed and didn't seem "real world" at all.
For instance, I can't think of any corporate structures that splits income in half. Usually the money is run through the company and costs etc. are taken out first. So this isn't a real world example?
They sell the proof of identity or authentication information that is used to associate a person with an Ethereum account to someone else, out of band. Ethereum only knows the address to send to, and has no idea who or what is behind it at the time.
If the beneficiary dies before 2035, their heirs will collect, for instance. It is pretty simple to do a TVM calculation to determine the current value of a future benefit, and without all that legal-system stuff that is being bypassed through use of smart contracts, the intent of the trust creator can be more easily bypassed.
" the child would not have a way of selling that Ethereum before 2035"
In 'no legal land' it would be easy enough to sell a bunch of 'locked until 2035' etherium - wrapped in another ether contract like a future or something. Much the same way lottery winners who get an annuity instead of a lump sum can then sell that annuity for a lump sum.
It's a sales tax, not a 'buying' tax.
Say, a company sells you a $100 item for $100, forgetting to include the tax in the final price. And say no one ended up paying tax for that transaction for in that tax year.
Who is the government going to go after once they realize this to collect the $8.75 sales tax - you or the company?
Edit: I think you are confusing it with income tax. What you are saying happens for salaried income in USA.
The presumption is that you, as (say) a local retailer, collected sales tax on what you sold because you have a legal requirement to do so. Doesn't matter if you split it out or not, you effectively collected sales tax one way or the other because state law says you had to. If, in your mind, you didn't collect any sales tax, too bad because you had to. You don't have the option to tell the customer "Hey, we're not going to collect sales tax. Please send it in yourself."
If you weren't required to collect sales tax, it is actually the customer who is on the hook to remit it. Of course, there's often no way to enforce this.
>Edit: I think you are confusing it with income tax. What you are saying happens for salaried income in USA.
Sort of but not really. Employers collect an estimated income tax liability based on your salary and what you've put on your W-4. The individual is still responsible for paying the right taxes and may be subject to penalties and having to make future quarterly tax payments if those withholdings are too low.
ADDED: The difference is the the government (in general) knows your taxable income and it's up to you to make the appropriate payments. In the case of sales tax/use tax, the government (thankfully) doesn't have the detailed and personal information to determine liability at the individual level so they have sellers do the up-front collection as much as possible.
No, it’s a sales and use tax. Merchants are required to maintain a license to collect and remit timely payments.
If you spend a significant amount of money on something like a car that requires registration or regularly buy other goods in high dollar quantities in Delaware or New Hampshire that you enjoy at home in Pennsylvania, New York, Massachusetts, the tax man will notice and eventually show up to collect.
Exactly this. It is a tax on a business based on their sales, and it is demanded whether or not the consumer pays it as a separate line item or not.
That said, it is a common misunderstanding, and it is made more so by companies that advertise "and we'll pay the sales tax!" They are always paying the sales tax, just most times they pass that cost along to the consumer.
They are always paying the sales tax, just most times they pass that cost along to the consumer.
While you are technically correct that this is how "sales tax" works, it's worth keeping in mind that in most states "sales tax" is mirrored by "use tax", and that these two "mutually exclusively" apply to the same purchases.
That is, if the seller is subject to the laws of a state they are generally required to obtain a "seller's permit" and to pay the sales tax, and are liable if this tax is not paid. But if a resident of that state purchases from someone who is not under that jurisdiction, the buyer then legally required to pay the same amount as a "use tax", and assumes the same liability. For California, see Question 1 here on "What is the difference between sales tax and use tax?": https://www.boe.ca.gov/sutax/faqtaxrate.htm#1
Which leads me to ask: for those of you in this thread saying "sales tax is not a buying tax", are you aware of the existence of this "use tax" and making a subtle semantic point that accidentally encourages illegal behavior, or are you unaware that of the interplay between the two? If previously unaware (and assuming you've ever purchased an item in a situation where sales tax was not charged), are you likely to change your behavior and self-report, or do plan to knowingly continue to engage in tax fraud?
(For the record, I do not self-report, although I do feel guilt about it.)
Yes, the first attempt by the states to get around the lack of interstate taxes, the imposition of a mirror tax on the party that was inside the state.
Then the government taking a criminal's drug money would also be theft?
Also, he took it from a government wallet, not directly from a criminal.
Edit: Just to clarify, I was just pointing out that the comment I replied to is tangential(1- he didn't steal from a criminal. 2- 'someone' can 'seize' a criminal's money without it being theft.).
He obviously stole -this isn't even a case of trying to steal; he stole, and got caught- and I don't get how he can get away with such a small punishment for stealing $10M+.
Can you please send me an invite? We are building something that's going to be heavy on the server side and this looks like a really good deal.
My email is visible on my profile.
Thanks!
you'd be better off if you mapped those 10 numbers to a number in [0:(10!-1)] interval since there are only 10! different potential answers. So you make the job of the algorithm easier (figuring out the "structure" of the function it's trying to solve for is easier when the result space is compressed without any 'signal' loss)
another improvement could be "enhancing" of the inputs: when you figure out how you will permute the numbers to sort them, create specific and randomized variations of that specific list of numbers and feed the learning algorithm with the correct results of those permutations too. for instance if you have 5 70 2 13 as a training input, the trainer algorithm could generate the following extra inputs based on this so that the algorithm will get a better chance of figuring out the sorting for a test input like 2 15 5 65:
2 5 23 70
2 5 33 70
...
2 5 63 70
2 5 73 70
also:
2 5 14 70
2 5 13 69 etc. also modify more than 1 number at the same time(both systematically and also randomly) to generate even more "gray"-input
No one cares if he will make $100M from this or not. $100M is less than %10 of the total value of all the bitcoins currently in the market and we can just think of that %10 as the one-time tax "humanity" paid to get the bitcoin system developed.
Thanks, this looks great.
Apparently they also have colocation space -- asked them how much it'd cost us. Will post here once I hear back(if I hear back soon :) ).
But the thing is I am not sure if amazon keeps a spot-instance reserve (i.e. what happens if all the spot instances get turned into on-demand ones over, say, a month and suddenly your service is shut down and you keep waiting indefinitely[you'd probably wait for around 24 hours and then try to get an on-demand one - which is 11x more expensive, costing around $600/mo for a shared gpu. and if you can't find an on-demand one, you will be offline for around a week until you figure out a way of provisioning a gpu instance from another service provider, which will probably cost you a lot more, but at that point you will have to do it not to disrupt the service for so long])
You made me realize that there is a communication problem between the different sides of the table. I realized that as individuals we all have a different view of the same issue, and that this is mostly because we don't know what the others know and vice versa.
Hence, with this new version, I shifted the focus of the website a little bit. Now the project is focusing more on initiating a conversation between the different sides of the table(government/social workers/homeless people) and the residents, with the goal of informing the interested residents about the issue.
Would love to hear what you all think about this version. Your feedback really helps this attempt converge faster on a solution.
Thanks,
Seckin
Also built an investment platform for cryptocurrencies. I think we might be a great fit. Can send screenshots of what I have built before. Can also send a CV. To get in touch: seckincansahin@gmail.com